[itsahoot]

Of course they blame the terms of the bonds, they can’t admit they were blithering stupid.

Yes they are and I would think that the lenders would have boards that would wonder about the wisdom of making such loans.

I suspect maybe they know they can stick the taxpayer either way. The lender and borrower both are pretty stupid, or maybe they are just corrupt? Naw, couldn’t be.

[GeronL]

or maybe they didn’t care because it’s not their money?